IRS Delays Penalties on New Tip and Overtime Reporting Rules

11 months ago

The Treasury Department and IRS are giving employers extra time to comply with new payroll reporting rules created under the…

New Form 1099-K Threshold Under OBBBA

11 months ago

The IRS has clarified how Form 1099-K reporting will work moving forward. In new guidance released October 23, 2025 (IR-2025-107…

What to Do If the Government Terminates a Nonprofit Grant

12 months ago

Federal grants play a major role in how nonprofits serve the community. They fund programs in education, healthcare, research, housing,…

Ongoing Government Shutdown Impact on IRS

12 months ago

It’s been several weeks since the federal government shut down on October 1, 2025. Since then, many agencies have closed…

Government Shutdown Impact on Taxpayers and Businesses

1 year ago

The federal government shut down on October 1, 2025, after lawmakers couldn’t agree on a plan to fund operations for…

GENIUS Act Establishes New Rules for Stablecoins

1 year ago

The GENIUS Act, signed into law in July 2025, is the first federal law to regulate the payment of stablecoins.…

Treasury and IRS Finalize Regulations on Roth Catch-Up Contributions

1 year ago

The Treasury Department and the IRS have issued final regulations on catch-up contributions under the SECURE 2.0 Act. The regulations…

Georgia Sales & Use Tax Exemptions – Computer Equipment

1 year ago

Earlier this month, the Georgia Department of Revenue (DOR), issued an update to the sales & use tax exemption for…

OBBBA Tax Updates Impacting Independent Auto Dealers

1 year ago

The One Big Beautiful Bill Act (OBBBA), signed on July 4, 2025, makes several tax changes that affect independent auto…

Total Compensation Statements Bring Benefits into Focus

1 year ago

Employees often look first at their paycheck when they think about compensation. That makes sense, since salary and take-home pay…